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$655,000
-- Bed
-- Bath
2,800sqft
16 Galveston Pl Sw, Washington, DC 20032
$655,000
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Triplex
Built in 1944
$-- HOA
5,008 sqft lot
$234/sq.ft
Description
2.375% ASSUMABLE FHA LOAN | $655,000 BALANCE | $4,121.45 PITI. This 3-unit property offers a rare opportunity to assume an FHA loan at a 2.375% interest rate, originated in December 2021 with a maturity date of January 2052. Based on current market rates, this assumption represents a projected savings of over $400,000 in interest over the life of the loan.
STRATEGY: Total PITI is currently $4,121.45. An owner-occupant can reside in the 3-bedroom unit while utilizing the rental income from the two 2-bedroom units to offset the monthly mortgage payment. This asset is well-positioned for those seeking to maximize cash flow through the DC voucher program or market-rate renta...
- Houzeo last checked: 12 Hours ago
- Listing updated: April 22, 2026 at 4:37 pm
- Listing Provided by: Abel M Gebremichael (202) 601-0160 | Keller Williams Capital Properties (202) 243-7700
- Source: Bright MLS-NJ | MLS#: DCDC2250342
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1944
HOA Fees
-
Finished Area
2,800 sqft
Lot Size
5,008 sqft lot
Basement Area
- sqft
MLS Name
Bright MLS
MLS Number
DCDC2250342
MLS Status
ACTIVE-BRIGHT
Days on Market
20
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Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
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New York State Fair Housing Notice .
